Ownership
At the end of 2018, ALK had 13,658 registered shareholders, versus 15,495 at the end of 2017. The registered shareholders owned 97% of the share capital (96).

As of 31 December 2017, two shareholders have notified shareholdings of 5% or more: Lundbeckfonden has a 40.3% interest (including A shares and AA shares) and ATP has a 7.1% interest. Of the 30 largest registered shareholders, the vast majority were institutional investors - from North America, the UK and Scandinavia in particular. In the shareholder register, the international ownership is estimated at approximately 21% (19), representing 36% of the free float of the B share capital (32), excluding the Lundbeckf Foundations's holding and treasury shares.

ALK's holding of its own shares was reduced following settlement of share option and conditional share programmes. At the end of the year, ALK held 263,203or 2.4% of its own shares (2,6% at the end of 2017) which is considered sufficient to cover current obligations related to ALK's long-term incentive programmes.

Major shareholders* and treasury shares as at 31 December 2018

The Lundbeck Foundation
Registered office: Copenhagen, Danmark
A shares, number: 920,720
AA shares, number: 92,072
B shares, number: 3,474,827
Interest: 40.3%
Votes: 67.2%

The Danish Labour Market Supplementary Pension ( ATP)
Registered office: Hillerød, Denmark
B shares, number: 791,631
Interest: 7.1%
Votes: 3.9%

ALK - own shares
Registered office: Hørsholm, Danmark
B shares, number: 263,203
Interest: 2.4%

* Notified shareholdings of 5% or more of the company's shares